The Colts announced Friday they would not re-sign Dwight Freeney, ending his 11-year run with the team. He is the Colts’ all-time leader in sacks (107.5), tied for 21st on the NFL’s all-time list.

The Colts will also part ways with wide receiver Austin Collie, according to The Indianapolis Star. Collie has suffered three concussions since 2010, and ruptured a patellar tendon in Week 3 last season.

Dwight Freeney has been terrorizing quarterbacks for 11 seasons, but he had just five sacks in 2012 as an outside linebacker. (AP Photo)

Perhaps the Dallas Cowboys or Houston Texans will explore Freeney as a possibility. He turns 33 next week, and likely will look to join a team where he can return to defensive end in a 4-3 alignment. With the Colts switching to a 3-4 last season, Freeney switched to outside linebacker and recorded just five sacks, his lowest total since 2007. Whenever Freeney retires, he can look forward to seeing his name in the rafters at Lucas Oil Stadium.

“Few people have meant as much to the success of the Indianapolis Colts as Dwight Freeney,’’ Colts owner Jim Irsay said in a statement. “He has been a dominant player, which is all the more impressive considering his size for his position, and he has won a lot of games for this franchise. Dwight was an artist, a joy to watch, and the dedication he put toward his craft was a rare quality. We will miss him, but look forward to his future induction into the Hall of Fame and Colts Ring of Honor.”